Inheriting the best, we’re building the future!

Construction of the new generation refinery

JSC "Mendeleev Group" was established in December 2013 as a managing company on the basis of production assets of JSC "OilGasTrade"

In May 2012 the company acquired a control stock in OAO «Yaroslavl Mendeleev Refinery» and after 6 years of conservation oldest oil refinery in Russia and Europe had found a second life. After carrying out the complex rehabilitation and reconstruction activities in December 2012 the refinery was put into operation with access to sustainable processing and break-even volume production.

In December 2012 the company acquired all of the shares of CJSC "Rusoil-Moscow". Thanks to conducted anti-crisis measures, today the company is a high-tech industrial complex in the central part of Russia, which provides services for storage, packing oil products, as well as the production of high-strength plastic packaging.

In the autumn of 2014 one stage of modernization at Yaroslavl Mendeleev Refinery was finished. A device in the colonies has been replaced, technical maintenance of one of the units has been conducted. In the end of September the column was launched, which helped to increase the production output up to 1 thousand 900 tons per day. So, in 2013 were processed 320 thousand tons of oil, now, after the event, the company has enough capacities to process 600,000 tons of raw materials.

One of the main challenges today is to increase the total processing light materials up to 1 million tons per year and processing depth up to 89.9% with a significant improvement in product quality. MENDELEEV Group is working with leaders in the world engineering, and in 2015 - 2018 years plans to build the most modern refinery of new generation with capacity to 3 million tons a year, working on innovative plasma-fuel technology.

In 2014 Yaroslavl Refinery named after D.I. Mendeleev recognized as the best industrial enterprise in the Yaroslavl region in industry group "Chemical and petrochemical industry". At the moment the refinery has 571 employees.

In 2014 the exploration company "GEOKOM" came to holding company "Mendeleev Group”, whereupon work began on the Peter and Paul geological study of the license area and the search for potentially promising targets for further drilling, as well as identifying oil and gas fields.

In the end of 2014 "Mendeleev Media" and "Mendeleev Finance" were created. 2014 was significant on anniversaries for the holding "MENDELEEV Group". In February of this year was 180-th anniversary since the birth of Dmitry Mendeleev, whose name is inextricably linked with the history and brand of the company. 80 years ago, 13 October 1934, in connection with the centenary of the birth of D.I. Mendeleev, Konstantinovsky was named after the great Russian scientist refinery on the basis of the Resolution of the Central Executive Committee of the USSR. In September Yaroslavl Mendeleev Refinery the main production asset of "MENDELEEV Group", celebrated its 135th anniversary.

Mendeleev Group (JSC «Mendeleev Group») - Holding company with diversified assets in oil refining, production of plastic containers and other olymer products, export and domestic trading of oil products, high technologies in IT and multimedia.

One of the basic principle production assets of the holding is The Yaroslavl Mendeleyev Refinery, the oldest existing refinery in Russia. It was founded in 1879 and during the early years the great Russian scientist Dmitriy Mendeleev worked at the Refinery where he developed most of the ground breaking oil refining processes that are still used today at the foundation of the refining industry.

The holding company also includes:

-Mendeleev Finance

-Mendeleev IT

-Mendeleev Media

-GEOKOM

The head office of the holding "Mendeleev Group" is located in Moscow. The company also has a European office in Geneva (Switzerland) - Mendeleev Group SA.

The Yaroslavl Mendeleev Refinery is the first refinery in Russia. Founded in 1879 by Victor Ragozin, where famous Russian scientist Dmitry Mendeleev worked. In 2014, the refinery was recognized as the best industrial enterprise of the Yaroslavl region.

Mendeleev Group China Ltd.is a wholly owned foreign enterprise with primary focus on trading in the field of oil products, oil refinery engineering solutions, and M&A consulting in all areas of business between Russia and China.

At the core of our corporate strategy is a philosophy of respect, ethics and morals. We try our best to preserve the best traditions of the Russian scientific community while introducing the world's best practices and innovative technologies, while paying close attention to environmental and industrial safety. In order to achieve our main goals we strive to develop an effective multi-holding company with all of our assets meeting necessary criteria as model enterprises for sustainable development. To achieve this goal we aim to attract world experts and highly qualified human resources to become integral members of our team.

The development strategy of holding "Mendeleev Group" involves upgrading one of the company's main production assets – the Yaroslavl Mendeleev Refinery including improvement of logistics, trading and sales processes, as well as increase of refining and depth capacity. While staying honest to our principle area of business in the field of oil and energy we have also branched out into new business development in the field of innovation, high technologies in IT and multimedia.

By the end of 2015 the fourth phase gradual modernization of the Yaroslavl Mendeleev Refinery will be completed. In parallel, we have been working jointly with world's leading companies in industrial engineering, such as UOP, a Honeywell Company, Foster Wheeler and the Northwest Production Company. Our main goal has been the development and design of the most sophisticated deep oil refining complex in the world. After several years of cooperation with our partners we have been able to achieve seemingly impossible results, which we believe will revolutionize the playing field in oil refining not just in Russia, but around the world as well. Our optimized technological scheme has been highly praised by leading experts in industrial engineering and aims to become our focal project from 2015 until 2019.

JSC "MENDELEEV Group" was established in December, 2013 as a managing company on the basis of production assets of JSC "OilGasTrade"

In May, 2012 the company acquired controlling stock in the "Yaroslavl Mendeleev Refinery" and after 6 years of conservation the oldest oil refinery in Russia had found a second life. After carrying out the complex reconstruction activities in December, 2012 the refinery was put into operation with access to sustainable processing and break-even volume production.

In December, 2012 the holding company acquired all of the shares of CJSC "Rusoil-Moscow". Today the company is a high-tech industrial complex in the central part of Russia, which provides services for storage, packaging of oil products, as well as production of high-strength plastic packaging.

In the autumn of 2014 the first stage of modernization at Yaroslavl Mendeleev Refinery was finished. In the end of September, 2014 the atmospheric column was revamped which significantly increased production output up to 1 thousand 900 tons per day. If in 2013 the refinery processed 320 thousand tons of oil, now, after these improvements, the company has enough capacities to process 600,000 tons of raw materials.

One of the main challenges today is to increase the total processing of light materials up to 1 million tons per year and processing depth up to 89.9% with a significant improvement in product quality. Today the refinery is undergoing the final phase of modernization by installing a new vacuum column. Upon completion in April, 2015 the refinery will reach its aim of processing capacity of 1 million tons per year. All modernization and engineering work has been done by one of today's leading Russian Engineering Companies, the Northwest Production Company. As part of ongoing cooperation between Mendeleev Group and NPC, Mendeleev Group is planning to erect a brand new deep refining complex. The project is slated for 2015-2019 with refining capacity of up to 3 million tons a year and is based on an optimized configuration of UOP technology developed jointly with UOP, Northwest Production Company and Mendeleev Group.

In 2014 the Yaroslavl Mendeleev Refinery was recognized as the best industrial enterprise in the Yaroslavl region among other companies within the "Chemical and petrochemical industry".

In 2014 the oil exploration company "GEOKOM" was formed under the main umbrella of Mendeleev Group holding company. Work began on the Petropavlovsk geological study of the licensed area and the search for potentially promising targets for further drilling and identification of oil and gas fields.

In the end of 2014 "Mendeleev Media" and "Mendeleev Finance" were created.

Overall, 2014 was significant in terms of anniversaries for the holding "Mendeleev Group". In February, 2014 we celebrated 180-th anniversary since the birth of Dmitry Mendeleev, whose name is inextricably linked with the history and brand of the company. 80 years ago, 13 October 1934, in connection with the centenary of the birth of Dmitriy Mendeleev, the Konstantinovsky refinery was named after the great Russian scientist. In September, 2014 the Yaroslavl Mendeleev Refinery celebrated its 135th anniversary.

Our aim for 2015 is to continue our path of sustainable development, to produce high quality premium products, and to commence construction of the new deep oil refining complex.

INVESTOR RELATIONS

Corporate governance system is characterized by a higher level of control in the Company, in fact - is
organizational model, which aims, on the one hand, to regulate the relationships between managers
and shareholders, on the other - to coordinate the objectives of various stakeholders, ensuring maximum
effective functioning of the company as a whole.

The supreme governing body of the JSC "Mendeleev Group" is a collection of shareholders.

The list of questions relating to the competence of the General Meeting of Shareholders is governed by the
legislation of the Russian Federation, the Charter of JSC "Mendeleev Group", Regulations on the General Meeting
Shareholders of JSC "Mendeleev Group", approved by the General Meeting of Shareholders.

General management of JSC "Mendeleev Group", except for matters within the competence of the Shareholders, is carried out by the Meeting of The Board of Directors.

The Board of Directors of JSC "Mendeleev Group" shall consist of five (5) members.

Members of the Board of Directors elected by the Annual Shareholders Meeting for a term until the next Annual Meeting of
the Shareholders of the Company.

Members of the Board of Directors may be elected by the Extraordinary Meeting of Shareholders for the period until the election
the next annual shareholders' meeting of the new Board of Directors.

Board of Directors members may be reelected an unlimited number of times.

The position of the Board of Directors in the management bodies of JSC "Mendeleev Group" and its activities,
including the procedure for submitting proposals for the agenda of the meetings of the Board of Directors shall be governed by
the current legislation of the Russian Federation, the Charter of JSC "Mendeleev Group" Regulations of the Board
of Directors of JSC "Mendeleev Group", approved by the General Meeting of Shareholders.

The sole executive body of JSC "Mendeleev Group" is CEO. In accordance with the Charter of JSC "Mendeleev Group" CEO's authority term is three (3) years. The CEO is elected by the Board of Directors of the Company.

The sole executive body of JSC "Mendeleev Group" is CEO. In accordance with the Charter of JSC "Mendeleev Group" CEO's authority term is three (3) years. The CEO is elected by the Board of Directors of the Company.

CEO's rights and duties on the implementation of the present activity of "Mendeleev Group" governed by the laws of the Russian Federation, the Charter of JSC "Mendeleev Group", Regulations on CEO of JSC "Mendeleev Group", approved by the General Meeting of Shareholders, and concludes with a labor contract.

To exercise control over financial and economic activities, the Annual General Meeting of Shareholders of JSC "Mendeleev Group" elects Examiner. Auditor CJSC "Mendeleev Group" is authorised until the next Annual General Meeting of Shareholders.

Auditor, elected at the Extraordinary General Meeting of Shareholders of JSC "Mendeleev Group", is considered
elected for the period prior to the date of the Annual General Meeting of Shareholders.

Powers and activities of the Auditor are determined by the legislation of the Russian Federation, the Charter of JSC "Mendeleev
Group" and the Regulations of Inspector General, approved by the General Meeting of Shareholders of JSC" Mendeleev Group ".

The authorized capital of JSC "Mendeleev Group" is divided into ordinary registered shares in the amount of 1 000 (one
thousand) shares with a par value of 100 (one hundred) rubles each.

All shares are issued in book-entry form.

By order of the Main Department of the Central Bank of the Russian Federation in the Central
federal district of the city of Moscow from April 3, 2014 number OTD-1-45 / 9F through the state
registration of the issue. The issue was assigned state registration number 1-01-81921-H.

The report on the issue of securities registered simultaneously with the registration of the issue.

Charter of JSC "Mendeleev Group" has the right to place, in addition to the previously outstanding shares 250,000,000
(two hundred fifty million) ordinary registered book-entry shares with a nominal value of 100
rub. each (shares).

Declared ordinary shares grant shareholders the same rights as ordinary posted
shares of the Company.

The decision on the number of authorized shares and amending the Articles of Association of JSC "Mendeleev
Group" by the general meeting of shareholders, except for the changes associated with a decrease in their
amount as a result of placing additional shares.

In 2014 JSC "Mendeleev Group" has started the process of consolidation of subsidiaries, which will form an effective holding structure with a single point of management, enhance capital efficiency, improve operating performance, which in turn will reduce the legal, tax and other risks in the production process.

2015 – 2019 CONSTRUCTION OF INNOVATIVE DEEP OIL REFINERY

The Deep Oil Refining Complex project with UOP Honeywell, United Engineering Group, Northwest Production Company

The planned capacity of processing - 3 million tons per year

Depth of oil refining – 95-97 % bottom of the barrel, crude oil Urals

MENDELEEV Group is proud to work together with the global leaders in engineering. In 2015 - 2019 years we plan to build the new generation innovative deep oil refinery with processing capacity of up to 3 million tons a year.

The estimated project cost is $ 2 billion.

Mendeleev Group will use UOP process technologies to produce high yields of transportation fuels to meet growing demand and stricter environmental regulations.

UOP’s state-of-the-art technologies will enable Mendeleev Group to fully convert crude oil while maximizing production of high-quality, ultra-low-sulfur diesel fuel.

Our new line of transportation fuels will meet Euro V fuel standards, which set limits on the amount of sulfur in diesel fuel.

The facility will use Honeywell’s UOP Uniflex™ process and the UOP/Foster Wheeler Solvent Deasphalting™ process to convert heavy residue crude oil to high-quality distillate products, while minimizing co-products. UOP’s Uniflex processing technology was developed to help refiners achieve maximum results for processing the bottom of the barrel, the heaviest portions of a barrel of crude also known as vacuum residue, into higher yields of transportation fuels than currently existing technological upgrade solutions.

The deep oil refining complex will also use UOP’s Unicracking™ hydrocracking and distillate Unionfining™ hydrotreating processes to upgrade vacuum gas oil and other feed streams to produce high-quality distillates such as diesel. UOP CCR Platforming™, Par-Isom™ and naphtha hydrotreating processes will be used to produce gasoline with octane ratings up to 95 RON.

A power block will also be integrated into the new complex allowing it to reuse byproducts from crude processing and steam produced within the process units. This will allow the complex to be energy self-sufficient and highly efficient in terms of overall utilities consumption.

2013 – 2015 THE YAROSLAVL MENDELEEV REFINERY MODERNIZATION

The project of the Refinery’s production capacity reconstruction in order to increase the volume of raw materials refining and the depth of oil refining with a significant improvement in product quality

The planned capacity of processing - 1 million tons per year

Depth of oil refining - 86 %

In 2013, at the Yaroslavl Mendeleev Refinery started the comprehensive modernization of production equipment and engineering infrastructure, as well as technical upgrading facilities with increased volumes of raw oil refining up to 1 million tons per year and an increase of oil refining depth to 86 % with a significant improvement in product quality.

In the autumn of 2014 the first stage of the Yaroslavl Mendeleev Refinery modernization was finished. A device in the colonies had been replaced, technical maintenance of one of the units had been conducted. In the end of September, 2014 the column was launched, which helped to increase the production output up to 2 thousand tons per day. So, in 2013 were processed 320 thousand tons of oil, now, after the first modernization, the company has enough capacities to process 600- 700,000 tons of raw materials.

In the first half of 2015 it is planned to launch the vacuum column, which also will significantly increase the capacity and increase the depth of raw materials processing.

2014 – 2016DESIGN AND CONSTRUCTION OF OIL-LOADING TERMINALS

Northwest Production Company has designed and now implements an oil-loading terminal construction project for the Yaroslavl Mendeleev refinery.

The terminal with Volgoneft tank vessels is situated at the Volga river water area, that borders with the existing industrial estate of the Yaroslavl refinery.

The terminal construction is necessitated by the company ability increasing in production and crude loading. The design includes construction of an open pump station, oil-loading terminal with metering station and accessory defenses (operator’s room, guard-post, fence etc.). The terminal is situated at the operating plant territory and is integrated to the scheme.

The second phase of the Yaroslavl Mendeleev Refinery includes design and construction of the bulk-handling, general cargo and container dock (with the opportunity to work with awkward loads and heavy cargos).

At the first phase the terminal will be used to accept bulky cargos (reactors, columns) for deep processing complex construction. Then it is planned to use the terminal to transfer inert materials and containers.

Mendeleev Group provides a lot of opportunities to employees for career development. Our team includes the qualified professionals with diverse international background. Our main focus areas are production, development and integration of new technological trends in the fields of oil refining, polymer production, export and domestic trading of oil products, high-tech IT and multimedia technologies.

Willingness and ability of our staff to work effectively, develop professionally and personally are the keys to the long-term success of the company. We pay serious attention to the advancement of our employees knowledge and skills in their respective fields. The company collaborates with leading Russian and leading international universities for the training of young specialists.

We welcome the specialists whose energy and expertise will contribute to achieving the ambitious goals of Mendeleev Group. If you wish to become a member of our professional team, you can fill out the candidate employee form and send your CV to HR department of our company.
career@mendeleev.ru